Sandhill Company purchased equipment for $235,200 on October 1, 2017. It is estimated that the equipment...

Sandhill Company purchased equipment for $235,200 on October 1, 2017. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $13,440. Estimated production is 39,600 units and estimated working hours are 20,000. During 2017, Sandhill uses the equipment for 530 hours and the equipment produces 1,100 units. Compute depreciation expense under each of the following methods. Sandhill is on a calendar-year basis ending December 31. (Round rate per hour and rate per unit to 2 decimal places, e.g. 5.35 and final answers to 0 decimal places, e.g. 45,892.) (a) Straight-line method for 2017 $ (b) Activity method (units of output) for 2017 $ (c) Activity method (working hours) for 2017 $ (d) Sum-of-the-years'-digits method for 2019 $ (e) Double-declining-balance method for 2018 $

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ekkarill92 answered 2 years ago

Flint Company purchased equipment for $231,080 on October 1, 2017. It is estimated that the equipment...

Flint Company purchased equipment for $231,080 on October 1, 2017. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $13,080. Estimated production is 40,000 units and estimated working hours are 20,300. During 2017, Flint uses the equipment for 520 hours and the equipment produces 1,000 units. Compute depreciation expense under each of the following methods. Flint is on a calendar-year basis ending December 31. (a) Straight-line method for 2017 =...

Windsor Company purchased equipment for $251,930 on October 1, 2017. It is estimated that the equipment...

Windsor Company purchased equipment for $251,930 on October 1, 2017. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $14,160. Estimated production is 40,300 units and estimated working hours are 20,100. During 2017, Windsor uses the equipment for 530 hours and the equipment produces 1,100 units. Compute depreciation expense under each of the following methods. Windsor is on a calendar-year basis ending December 31. (Round rate per hour and rate...

Pronghorn Company purchased equipment for $226,800 on October 1, 2017. It is estimated that the equipment...

Pronghorn Company purchased equipment for $226,800 on October 1, 2017. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $12,960. Estimated production is 39,600 units and estimated working hours are 20,200. During 2017, Pronghorn uses the equipment for 530 hours and the equipment produces 1,100 units. Compute depreciation expense under each of the following methods. Pronghorn is on a calendar-year basis ending December 31. (Round rate per hour and rate...

Exercise 11-6 Whispering Company purchased equipment for $256,200 on October 1, 2017. It is estimated that...

Exercise 11-6 Whispering Company purchased equipment for $256,200 on October 1, 2017. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $14,640. Estimated production is 39,600 units and estimated working hours are 19,900. During 2017, Whispering uses the equipment for 530 hours and the equipment produces 1,100 units. Compute depreciation expense under each of the following methods. Whispering is on a calendar-year basis ending December 31. (Round rate per hour...

Exercise 11-6 Oriole Company purchased equipment for $251,090 on October 1, 2017. It is estimated that...

Exercise 11-6 Oriole Company purchased equipment for $251,090 on October 1, 2017. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $14,280. Estimated production is 39,800 units and estimated working hours are 20,300. During 2017, Oriole uses the equipment for 530 hours and the equipment produces 1,000 units. Compute depreciation expense under each of the following methods. Oriole is on a calendar-year basis ending December 31. (Round rate per hour...

Exercise 11-6 Martinez Company purchased equipment for $270,000 on October 1, 2017. It is estimated that...

Exercise 11-6 Martinez Company purchased equipment for $270,000 on October 1, 2017. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $15,000. Estimated production is 40,800 units and estimated working hours are 19,700. During 2017, Martinez uses the equipment for 520 hours and the equipment produces 1,000 units. Compute depreciation expense under each of the following methods. Martinez is on a calendar-year basis ending December 31. (Round rate per hour...

Bramble Company purchased equipment for $220,800 on October 1, 2020. It is estimated that the equipment...

Bramble Company purchased equipment for $220,800 on October 1, 2020. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $12,000. Estimated production is 36,000 units and estimated working hours are 20,000. During 2020, Bramble uses the equipment for 500 hours and the equipment produces 1,100 units. Compute depreciation expense under each of the following methods. Bramble is on a calendar-year basis ending December 31. (Round rate per hour and rate...

Blue Company purchased equipment for $266,000 on October 1, 2020. It is estimated that the equipment...

Blue Company purchased equipment for $266,000 on October 1, 2020. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $14,000. Estimated production is 40,000 units and estimated working hours are 20,000. During 2020, Blue uses the equipment for 530 hours and the equipment produces 1,100 units. Compute depreciation expense under each of the following methods. Blue is on a calendar-year basis ending December 31. (a) Straight-line method for 2020 $enter...

Oriole Company purchased equipment for $238,400 on October 1, 2020. It is estimated that the equipment...

Oriole Company purchased equipment for $238,400 on October 1, 2020. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $15,200. Estimated production is 36,000 units and estimated working hours are 20,000. During 2020, Oriole uses the equipment for 500 hours and the equipment produces 1,100 units. Compute depreciation expense under each of the following methods. Oriole is on a calendar-year basis ending December 31. (Round rate per hour and rate...

Muggsy Bogues Company purchased equipment for $280,350 on October 1, 2014. It is estimated that the...

Muggsy Bogues Company purchased equipment for $280,350 on October 1, 2014. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $21,000. Estimated production is 39,900 units and estimated working hours are 20,500. During 2014, Bogues uses the equipment for 520 hours and the equipment produces 1,000 units. Compute depreciation expense under each of the following methods. Bogues is on a calendar-year basis ending December 31. (a) Straight-line method for 2014...

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